Good monday morning. Welcome to squawk alley. I am carly fiori i am Carl Quintanilla with Morgan Brennan and jon fortt a big week in Northern California more from jon in a moment. What a day tons of record highs for stocks and indexes overall. The dow hits an all time trading high, First Time Since july. We turn to mike santoli with whats happening. The big picture in terms of overall market is removal of points trade deescalation, low yields it is happening at the same time where some more emerging Consumer Tech companies have been punished brutally last month and last week, wayfair, grub hub, etsy, pinterest, beyond meat, yelp struggled. Whats going on here is i think some of the real emerging Business Models are having a reckoning, relationship with the consumer through an app is not enough and essentially after uber and wework debacle, people wonder if the leading edge of Consumer Tech is worth owning the question now is what it means for the overall market in a sense, it ratifies
In a down market, the company priced overnight at the high end of the range had been looking for between 20 and 29 a share, 26 and 29, priced at 29, raising 1. 1 billion, making it the seventh overall biggest deal this year to go public it has been a rough and tumble ride for unicorn brand name ipos, the Ride Hailing Companies lyft and uber struggled, lyft having seen a new low just yesterday. Slack also having seen a new low yesterday. Smile direct that went public two weeks ago seeing a new low, down 38 from its debut. Among the only ones of the big stellar names thats higher from its ipo is pinterest that one is up 45 the market continues to be ver cautious on these deals as they go forward the price at the top is certainly encouraging for the company and for the nasdaq which has seen a large number of ipos this year, some 50 ipos, raised more money initially than we have seen from the deals that they saw last year nonetheless, still one of those things people are watching as we see
On many essential attributes of a plan. It would be extremely challenging too used to document as a document to hold the iris, the Treasury Department, or anybody else accountable for missteps. The few things it almost entirely lax are quantitative targets to measure against, backup data to analyze, and various key operational details including, for example, who at the irs or Treasury Department is ultimately responsible for making decisions on any particular issue. This does not give any detail on how the irs will implement secretary yellens 400,000 dollar pledge. And details really matter here. It also does not estimate what any of the 42 initiatives or 190 odd key projects are expected to cost or clearly answer the basic question of which initiative or key projects can be fully implemented with the 80 billion dollars in funding. What the document quietly admits is astonishing. Despite contrary rhetoric, the irate did not give the irs enough funding to fully realize the plans divisio
On many essential attributes of a plan. It would be extremely challenging too used to document as a document to hold the iris, the Treasury Department, or anybody else accountable for missteps. The few things it almost entirely lax are quantitative targets to measure against, backup data to analyze, and various key operational details including, for example, who at the irs or Treasury Department is ultimately responsible for making decisions on any particular issue. This does not give any detail on how the irs will implement secretary yellens 400,000 dollar pledge. And details really matter here. It also does not estimate what any of the 42 initiatives or 190 odd key projects are expected to cost or clearly answer the basic question of which initiative or key projects can be fully implemented with the 80 billion dollars in funding. What the document quietly admits is astonishing. Despite contrary rhetoric, the irate did not give the irs enough funding to fully realize the plans divisio
The Architect of Change: Atul Gupta s Impactful Journey in Shaping the Modern IT Landscape ibtimes.co.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.co.in Daily Mail and Mail on Sunday newspapers.